Babcock International Group PLC Announces Dividend of GBX 6.50 (BAB)

Babcock International Group PLC (LON:BAB) announced a dividend on Tuesday, November 22nd. Stockholders of record on Thursday, December 8th will be paid a dividend of GBX 6.50 ($0.08) per share on Monday, January 16th. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, December 8th. The official announcement can be viewed at this link.

Shares of Babcock International Group PLC (LON:BAB) opened at 950.50 on Wednesday. Babcock International Group PLC has a 52 week low of GBX 780.00 and a 52 week high of GBX 1,112.00. The stock has a 50 day moving average price of GBX 993.72 and a 200-day moving average price of GBX 1,000.82. The firm’s market capitalization is GBX 4.79 billion.

BAB has been the subject of several recent research reports. Liberum Capital boosted their price target on Babcock International Group PLC from GBX 900 ($11.24) to GBX 1,050 ($13.12) and gave the company a “hold” rating in a research note on Thursday, September 29th. BNP Paribas restated a “neutral” rating and issued a GBX 1,050 ($13.12) price target on shares of Babcock International Group PLC in a research note on Monday, August 22nd. Goldman Sachs Group Inc. restated a “conviction-buy” rating and issued a GBX 1,480 ($18.49) price target on shares of Babcock International Group PLC in a research note on Thursday, September 8th. Peel Hunt restated a “buy” rating and issued a GBX 1,121 ($14.01) price target on shares of Babcock International Group PLC in a research note on Friday, October 14th. Finally, Shore Capital restated a “buy” rating on shares of Babcock International Group PLC in a research note on Thursday, September 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,172.23 ($14.65).

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Babcock International Group PLC Company Profile

Babcock International Group PLC is a holding company. The Company is an engineering support services company. The Company offers support to the defense, energy, emergency services, transport and education sectors. Its segments include Marine and Technology, Defence and Security, Support Services and International.